BLOOMIN' BRANDS INC (BLMN) Stock Technical Analysis
NASDAQ:BLMN - Nasdaq - US0942351083 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to BLMN. Recently some decent action could be observed, but in the medium term time frame this is still negative. BLMN was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than BLMN.
BLMN is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 72% are performing better than BLMN.
BLMN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BLMN is lagging the market.
In the last month BLMN has a been trading in the 7.32 - 9.65 range, which is quite wide. It is currently trading near the high of this range.
BLMN has an average volume of 2783820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BLMN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.64
9.62
We found 1 important support area.
- Support @7.72 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.52 to 9.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BLMN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BLMN is up. |
| ChartMill Relative Strength | 18.58 | NEGATIVE | BLMN has a low relative strength, it was outperformed by 81.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BLMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BLMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.16 | NEUTRAL | The RSI value for BLMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests BLMN has a positive trend. |
| Stochastics (14,3) | 83.69 | OVERBOUGHT | The high Stochastics value suggests BLMN may be overbought. |
| Average True Range in percent/ATR (20) | 5.35 | HIGH VOLATILITY | The high ATR as a percentage value for BLMN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.81 | NEUTRAL | The ADX value for BLMN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
9.51
+0.55 (+6.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg6.14%
1 Week7.95%
2 Weeks27.99%
1 Month24.8%
3 Month22.24%
6 Month-20.42%
12 Month-50.49%
2 Year-64.63%
3 Year-42.78%
5 Year-10.79%
10 Year-55.46%
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%5.35%
ATR Inc6.55%
Range Today0.6
ADR(20)0.48
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.58
Mansfield-2.88
10 Day High9.65
10 Day Low7.4
20 Day High9.65
20 Day Low7.32
52 Week High21.45
52 Week Low6.09
CS1 End7.72
CR1 Start9.52
Volume & EV
DER(3)-0.41%
DER(5)-0.04%
Volume3.37M
Volume Incr28.53%
Vol(5)3.10M
Vol(50)2.78M